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In terms of ranking all the cryptocurrencies remained in the same position, except for USD Coin moved from tenth position to ninth position. 

The everyday life of crypto investors is unlike the rest of us. While a regular investor only needs to worry about generating good returns, a crypto investor has scarier concerns. Digital currencies are arguably the most volatile investment tool in the global market. Some days investors panic about bitcoin’s market price while other days are spent dwelling about it’s legitimacy in India.

The cryptocurrency market lost around $98 billion after bitcoin plunged below $30,000 for the first time in four weeks on July 21. However, the market crash was followed by a quick recovery today.

Speaking on the investor sentiment, Avinash Shekhar of ZebPay told Money9 that such market corrections are a part of the trading cycle of this asset class and educated investors are aware of these underlying tendencies. He further said that bitcoin was merely a decade-old innovation and the market will become stable eventually.

Bitcoin has given over 1,200% return in the past year. But the recent crash can be credited to excessive profit booking and regulatory stiffness. In fact, according to Shekhar, the sudden shutdown of Chinese mining activities created a ripple effect.

Meanwhile, one can average out this constant volatility observed in the crypto market by investing in systematic investment plans or SIPs.

“SIP in cryptocurrencies is similar to that in equities. It’s an effective method for beginners in the crypto market. The SIP strategy in bitcoin or ether will be significantly effective over the long term. One can use the Zebb app for SIPs in bitcoin and ethereum. In many ways, this can be a great way to educate Indians about cryptocurrencies,” Shekhar said.

Watch the complete video for more details.